Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Investors trying to take control of Norfolk Southern railroad pick up key support !

Investors trying to take control of Norfolk Southern railroad pick up key support

Time:2024-05-21 12:50:45 source:Global Gazetteer news portal

The activist investors trying to take control of Norfolk Southern’s board are picking up key support, but the railroad’s CEO promised Monday to fight the takeover attempt until a May 9 shareholder vote because he believes his strategy is the best in the long run for investors, customers and workers.

Ancora Holdings’ bid to elect seven new directors and replace management at the Atlanta-based railroad has gained the backing of one of the major proxy advisory firms, one of the railroad’s biggest customers and two of its largest labor unions in recent days.

But CEO Alan Shaw said he believes he still has the support of most of the railroad’s workers, investors and customers.

“The choice really couldn’t be any more clear for our shareholders,” Shaw said an interview with The Associated Press. “We make promises and we’ve continued to keep our promises, and we will continue to deliver. And we’ve got a long-term vision for Norfolk Southern where shareholders win, as opposed to the activists who’ve got a short-term and erratic approach where shareholders lose.”

Related information
  • Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
  • Top tennis players say they're playing too much because the tournaments are too long
  • Topeka was at the center of Brown v. Board. Decades later, segregation of another sort lingers
  • Poland puts judge who defected to Belarus on wanted list, opening way to international warrant
  • Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
  • Pictured: Terror suspect, 35, arrested over failure to disclose 'Isis
  • F1 design great Newey expects to join another team after leaving Red Bull next year
  • A Palestinian converted to Judaism. An Israeli soldier saw him as a threat and opened fire
Recommended content
  • Yu Darvish extends scoreless innings streak to 25 in Padres' 9
  • Takeaways from the AP's investigation into how US prisoners are hurt or killed on the job
  • OnlyFans model Ava Louise who flashed her breasts at the New York
  • Florida deputy's killing of Black airman renews debate on police killings and race
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • US Navy flagship carrier USS Ronald Reagan leaves its Japan home port after nearly 9 years